Scan for 03/22/24 From Nate

by | Mar 21, 2024

Nice ones today off the gate YTEN ASST pretty seamless patience for back side to come in as you saw on the charts and then cover when it flat lined.

KAVL really good warnings there $3.30 we discussed as the key level – why is $3.30 a better short than $3.70? Sure, one can argue it’s .40/share better than $3.30 but, was it better? The answer to this question will save you all of the headaches that I saved you today ESPECIALLY when the clear out moves get soaked immediately – as warned.

DWAC the home run today but friggin’ annoying I was all set to cover $38-39.50s and it based at $40 I was up big at $40 then almost back to flat, before coming into the close. Frustrating but if you’re going to let a trade work, that happens sometime. I captured 60% of my max PnL on it because of the fade at close but still a pain in the ass.

SOUN great idea but I was on a call late day — that $7.50 was clear back side key given yesterday low and game plan this AM. Yeah, wish I got short size there but market is super friendly right now so I’m not trying to complain much.

RDDT so clean failed follow through at $55 as well (also missed due to phone call)

Ideally get some good stuff tomorrow and be done for the week.

Gregg showed up and shared some thoughts with us!

Main Watches:

SG tried it today +/- .20 cents starter – no problem will try $26 + blow out or failed follow thru vs. VWAP nothing to fight just monitoring.

GPS higher better and then should be a big one

DWAC great action today – fumbled the cover but still great.

SIGA let it go – higher better for fade.

Failed Follow Through:

YTEN morning shove for fade

ASST morning shove for faed

AISP great two days in a row working perfect from game plan

SOUN any good .20-.30 rips looking to lean

NNOX nice clear out today – looking to fade pops

Continuation:

LASE nice idea – sold 2/3s AHs – great big picture idea

ANGH watch weak open for r/g

STI panning out well, finally – been watching paint dry in IRA so this one working really well. We’ll see.

RGLS liq trap

HOTH notable hold

LVTX walking up

SWVL nice idea last few days not sure why I have so little – good chance this ends in -80% but for now not bad. I have none left from the big picture idea in the $7-8

WORX $3.80s still key – don’t force it as I said come with a thesis and let it prove.

LICY each wick getting soaked – let it trend until fails then I’d look to join that fade.

Staying Familiar:

2 Comments

  1. Thanks Nate

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  2. Thanks!

    Reply

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